Jeff, your coding skills are sharpening with each new tool you release. Starting from your Ehlers Optimal Tracking filter now this gemionone wrote: Fri Jul 05, 2019 9:13 pm here is my version of BB.
i also integrated the possibility to power the deviation. Which can lead to more functionalities (enhancing low or high values)
All i'm asking in return is that if you find a good set file please send it to me. If you want more functionalities ask me and i'll integrate them
What's really neat about this is how it has the ability to change the deviation.
You can actually use this as just a standard Moving Average but with "Volatility" bands around the Moving Average to show us the strength in the moves.
Below I'm using your indicator as a 50 Moving Average for trends. With price sitting on top of the Moving Average we're in an uptrend for most of this chart and the Deviation setting of 1.1 to have the bands basically "sitting" on top of the Moving Average to gauge volatility. Whenever the bands begin to expand we can see there's "power" in the movement which can signal entry into the trend or even scalping to the upside. Very cool brother, thank you for making this :!:
